Orchid Island Capital, Inc. (NYSE:ORC) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 3,748,786 shares, a growth of 66.0% from the July 14th total of 2,257,862 shares. Based on an average trading volume of 1,033,869 shares, the days-to-cover ratio is currently 3.6 days. Currently, 9.4% of the shares of the company are short sold.

A number of brokerages have recently commented on ORC. TheStreet lowered shares of Orchid Island Capital from a “c” rating to a “d” rating in a research note on Monday, July 31st. BidaskClub downgraded shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a report on Friday, July 28th.

Orchid Island Capital (NYSE:ORC) opened at 9.66 on Wednesday. The stock’s market cap is $437.63 million. The company has a 50 day moving average of $9.79 and a 200-day moving average of $10.28. Orchid Island Capital has a 12-month low of $9.18 and a 12-month high of $12.60.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.68. Equities analysts forecast that Orchid Island Capital will post $1.09 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.68 annualized dividend and a yield of 17.39%. Orchid Island Capital’s dividend payout ratio (DPR) is presently -2,799.53%.

In related news, Director W Coleman Bitting purchased 2,912 shares of Orchid Island Capital stock in a transaction dated Monday, June 19th. The stock was purchased at an average cost of $10.10 per share, for a total transaction of $29,411.20. Following the completion of the purchase, the director now directly owns 18,650 shares of the company’s stock, valued at approximately $188,365. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Sheaff Brock Investment Advisors LLC increased its position in shares of Orchid Island Capital by 1.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,398 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 205 shares during the period. Nationwide Fund Advisors increased its position in shares of Orchid Island Capital by 8.1% in the second quarter. Nationwide Fund Advisors now owns 18,434 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 1,382 shares during the period. Wells Fargo & Company MN increased its position in shares of Orchid Island Capital by 11.4% in the first quarter. Wells Fargo & Company MN now owns 21,183 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 2,176 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Orchid Island Capital by 29.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 21,282 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 4,898 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Orchid Island Capital by 26.1% in the second quarter. The Manufacturers Life Insurance Company now owns 25,679 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 5,321 shares during the period. Institutional investors own 20.57% of the company’s stock.

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Orchid Island Capital Company Profile

Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

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